Chubb Ltd (CB) : Barometer Capital Management reduced its stake in Chubb Ltd by 8.97% during the most recent quarter end. The investment management company now holds a total of 166,400 shares of Chubb Ltd which is valued at $21,513,856 after selling 16,400 shares in Chubb Ltd , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Chubb Ltd makes up approximately 2.11% of Barometer Capital Management’s portfolio.
Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in CB in the latest quarter, The investment management firm added 4,589 additional shares and now holds a total of 126,290 shares of Chubb Ltd which is valued at $16,328,034. Chubb Ltd makes up approx 0.21% of Nisa Investment Advisors’s portfolio.Capital Analysts boosted its stake in CB in the latest quarter, The investment management firm added 136 additional shares and now holds a total of 22,221 shares of Chubb Ltd which is valued at $2,872,953. Chubb Ltd makes up approx 0.57% of Capital Analysts’s portfolio. Dnb Asset Management As sold out all of its stake in CB during the most recent quarter. The investment firm sold 39,719 shares of CB which is valued $5,173,003. Beacon Capital Management sold out all of its stake in CB during the most recent quarter. The investment firm sold 60 shares of CB which is valued $7,814. Curian Capital sold out all of its stake in CB during the most recent quarter. The investment firm sold 16,524 shares of CB which is valued $2,152,086.
Chubb Ltd closed down -0.28 points or -0.22% at $129.29 with 8,96,606 shares getting traded on Monday. Post opening the session at $129.49, the shares hit an intraday low of $129.16 and an intraday high of $129.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Chubb Ltd reported $2.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 4, 2016. Analyst had a consensus of $2.17. The company had revenue of $5995.00 million for the quarter, compared to analysts expectations of $6381.25 million. The company’s revenue was up 46.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.
Many Wall Street Analysts have commented on Chubb Ltd. Chubb Ltd was Downgraded by Atlantic Equities to ” Underweight” on Jun 16, 2016.
Chubb Ltd formerly ACE Ltd is a Switzerland-based insurance and reinsurance company. The Company offers commercial and personal property and casualty insurance personal accident and supplemental health insurance travel accident insurance specialty coverage insurances recreational marine and aviation insurance agricultural insurance as well as reinsurance and life insurance. It mainly serves multinational companies small and medium-sized enterprises as well as high net worth individuals. The Company maintains executive offices in Zurich New York and London among others and is present in Latin America North America Asia Europe and Africa. It came into being from a merger of ACE Ltd and Chubb Corp.